Latest blog posts

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  Home EquityHow to calculate your home equity

  Before you can take out a home equity line of credit (HELOC), you must first determine the amount of available equity in your home. Home equity is the difference between the current appraised value of your home and your existing mortgage balance. The following post will help you to accurately calculate your home equity so that you can better understand your HELOC options.

  

  Alysse Guitar, Director of Growth  article author

  September 26, 2019
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  Retirement5 reasons seniors love home equity lines of credit

  Applying for a HELOC during retirement can allow you to pay for many major expenses. You need to have at least some equity in your home to consider this option. Even if you still have a mortgage, a HELOC can work for you so long as you build the payments into your retirement budget. It’s important to make regular payments on a HELOC to ensure that you will have access to it again when you need it.

  

  Barron Ernst, Head of Product  article author

  September 24, 2019
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  Member StoriesArmy Veteran Conquers Insidious Debt Invasion

  Sergeant First Class Bill Schildt, who taught soldiers at Fort Lewis how to read maps and safely patrol enemy territory at night, the man who provided security for convoys of ammunition moving to the front lines during two Vietnam war tours of duty, didn’t notice as debt slowly began to overtake his financial life.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  September 24, 2019
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  Mortgage RefinanceCan You Capitalize on the Current ReFi Boomlets?

  If you're a homeowner or if you're just savvy with finances, you may have heard mention of something called a refi boomlet. If you're not familiar with this term, you'll want to find out what it is and how you can benefit.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  September 6, 2019
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  Home EquityHome equity loan vs. home equity line of credit

  A home equity loan is usually the best choice for one-time expenses of a known amount, such as a specific home improvement project or debt consolidation. On the other hand, a HELOC is typically better for paying expenses that occur over time.

  

  Alysse Guitar, Director of Growth  article author

  September 3, 2019
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  Tools And GuidesTop 6 ways to prepare for a financial emergency

  No one wants to experience a financial emergency, but that doesn't mean you shouldn't be prepared for one. Here are our top 5 ways to prepare for a financial emergency.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  August 29, 2019
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  DebtDebt consolidation vs. balance transfer: what's best for you?

  If you only have credit card debt and are sure you can pay off your balance within the promotional period, a balance transfer could work well for you, provided you shop around for the lowest rates and fees.

  

  Nicole Beaulieu, CTO  article author

  August 29, 2019